Proxy advisors -- firms that advise shareholders on how to vote in corporate elections -- are urging a vote of no confidence in the board of Take-Two Interactive Software, a move that could cause it to be replaced .

Firms Proxy Governance and Institutional Shareholder Services are recommending Take-Two's shareholders withhold their votes from several directors because of several issues, including what they call "lagging performance and poor compensation practices. The recommendations come as Take-Two prepares for its annual shareholder meeting next Thursday. A group of shareholders holding 46 percent of the company's shares will be looking to remove the board and top executives. The dissidents are led by mutual fund group Oppenheimer Funds. and include D.E. Shaw Valence Portfolios LLC, Tudor Investment Corp. and hedge fund SAC Capital.